UFC-Capital Published Ukrainian Market Daily Review (11 Sep 2008)
OREANDA-NEWS On 12 September was announced, that UFC-Capital published daily review according which Ukrainian stock market is gradually declining to the levels of 2006. The PFTS index sank 4.6% to 457 points to becjme its 21-month low. The broad UFC index on Wednesday dipped 2.3%. The outsider of the yesterday’s trades became machine engineering, which, being represented by UFC Engineering index, collapsed 6.4%. The index finally confirmed breaking through of its former support level; the new support is expected nearby 450 points. UFC Metals and UFC Utilities lost 1% and 2.2%, accordingly.
The securities are keeping on assaulting the lower limits of their ranges. CEEN and KIEN broke through insignificantly their support levels, while the market conditions give reason to assume that this break through will be confirmed in a short-run. Besides, ENMZ broke through its support of USD 22 yesterday, and its new support may emerge at USD 12 mark. PGOK demonstrated negative results yesterday as well by closing noticeably below USD 8.4. Proceeding from the curve, should the share keep on its falling, the next support it may find only at the level of USD 2.9.
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